Ledger co - founder David Ballard has been released follow his snatch before this week in central France . The news of Ballard ’s freeing fall after a few days of confusion . Locals and the crypto community knew he ’d been kidnapped , but were asked not to account the news for 48 hours while potency undertake to rescue him .
The delivery , which authorities call a frail surgical procedure , worked .
On Tuesday night , kidnaper grabbed Ballard in Vierzon , France . They show him into a railcar and took him to a secondary location . The group then reached out and involve a orotund ransom in cryptocurrency for the enterpriser . The details of the precise ask are n’t public , but the French press and crypto blogs have say the numeral was high .
© Image via Shutterstock.
On Thursday morning , a little less than 48 hours after Ballard was taken , authorities in Paris say he ’d been rescue . The French cops were light on details but say that Ballard was safe and being seen bymedical professionals . The investigation into who kidnapped him is ongoing .
🔴 OFFICIAL
David Balland co - founder of@Ledgerhas been unloosen , after being kidnapped on Tuesday
To avoid threatening the on-going investigation , we had decided not to reveal anything about what had been go on in late hours
But the Paris public prosecutor ’s office has …
— Grégory Raymond 🐳 ( @gregory_raymond)January 23 , 2025
Ballard is the head of Ledger SAS , a crypto startup that created a physical wallet for people to check and transfer cryptocurrency . The notecase are strong-arm objects , some the size of a reference carte du jour and some the size of a USB keystone , running a custom OS . The company charge them as a highly unafraid direction to manage digital assets .
Kidnap and ransom money dodge are n’t rare in the creation of cryptocurrency . Its connector to the black and grey markets and comprehend untraceability make it an attractive currentness for criminal . And in market with only semi - sound status , violence can get you a long way .
In 2024 , a businessman was lured to Malaysia and forced to pass over alarge Bitcoin ransom money . A couple was kidnapped in Connecticut in October of last year in another allegedcrypto ransom scheme . At the source of the year in France , people kidnapped the Father of the Church of a loaded Dubai - based crypto influencer and set about to redeem him before gettingcaught by office .
Blockchain truly convert everything .
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